Common use of Portfolio Reporting Clause in Contracts

Portfolio Reporting. The Valuation Agent shall no later than 5 Business Days following the expiry of a calendar month send a written report to the Syndicate Members, stating the Portfolio development the last month and year to date. The report shall include a calculation of the Portfolio Gain Amount or the Portfolio Loss Amount (as the case may be) allocated among the Syndicate Members and calculated as if the last day of the expired calendar month was a Valuation Date. Each of the Syndicate Members may on any date request any information on the Portfolio Development as it deems relevant from the Company in which case the Company shall promptly deliver such information to all Syndicate Members.